According to CoinMeta, nscale, which has transformed from a Bitcoin mining company into a developer of AI data centers, plans to go public with a target valuation of $30 billion. nscale claims to have signed a contract worth $103 billion, but as of August 2026, only 55 megawatts of computing power have been delivered, far below the potential contract requirement of 10 gigawatts. In addition, the nscale data center project is facing delays, security violations, and operational challenges, and Microsoft has withdrawn from a data center project in the UK that nscale was involved in.